The newspaper quoted Barcelona mayor Xavier Trias saying a decision had not been made yet on Friday, but that sources told the newspaper an official announcement ending the possible bid city campaign is expected Friday.

SPORT cited Spain’s economic problems and the setback of losing the vote for the 2020 Olympics to Tokyo on Sept. 7.

In August, Trias said Barcelona 2022 would move forward if Madrid did not win the 2020 Olympic vote. Barcelona hosted the celebrated 1992 Summer Games.

Munich, the 1972 Summer Olympics host, is continuing with bid plans for 2022, hoping to become the first Summer and Winter Olympic host city.

The only official bid for 2022 so far is from Almaty, Kazakhstan, but other European cities such as Oslo have express interest. The U.S. is not planning on bidding for the 2022 Olympics.